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Bankrupt AmeriFirst Financial wants court to green light private sale of loans  

Housing Wire

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp.,

Loans 410
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WeWork, once thought to be the future of work, files for bankruptcy

Inman

The company filed for Chapter 11 bankruptcy in New Jersey as part of a "comprehensive reorganization" of the office space leasing giant.

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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Investor 421
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Why this small lender is running straight into the non-QM fire

Housing Wire

FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June. The company sells loans via brokers for clients – usually LLCs, C-corps or S-corps – to acquire residential real estate for commercial and investment purposes. First Guaranty Mortgage Corp. The question is: why? .

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Magistrate judge recommends $46M in restitution from former Live Well CEO

Housing Wire

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. The final amount will be determined by the trial judge.

Banks 417
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WeWork reportedly to file for bankruptcy as soon as next week

Inman

The company that once embodied the future of the workplace, which at its peak was valued at $47 billion, is reportedly considering filing a chapter 11 petition in New Jersey.

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NAR Identifies 2021 Top 10 Commercial Real Estate Markets

RIS Media

The National Association of REALTORS® (NAR) recently identified the top 10 commercial real estate markets for 2021. NAR unveiled the top commercial markets during its first-ever Commercial Real Estate Forecast Summit. economy will continue to improve in 2021 and expects the commercial real estate market will follow.